Metro Pacific eyes investment in expanding biogas projects

Metro Pacific Investment Corp is eyeing to expand its businesses this year including biogas, as well as acquiring more hospitals, officials have said.

During the Annual Shareholders' Meeting of Metro Pacific Investments Corp, president Augusto Palisoc said: "We are going to expand on the biogas projects that we started. We already have two operating plants and are in the process of constructing two more."

Elsewhere, he said the company is also looking at investing in underserved sectors that could enhance the welfare of the public, such as logistics, tourism, and agriculture: "It's very important because the cost of moving goods of people is quite expensive," he said.

Recently, Metro Pacific Investments Corporation (MPIC) announced that its biogas project with Dole Philippines had been recognised as a Joint Crediting Mechanism (JCM) Model Project and approved for the maximum subsidy of 50% towards the qualified capital cost of the project from the Ministry of the Environment, Japan (MOEJ). This was the first eligible biogas project in the Philippines under the JCM.

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